The following write-up is a detailed analysis on the numbers, from purchase and closing costs, to rehab, to rent and cash flow, to the refinance, and finally to the sale of the property.The process of buying, rehabbing, renting, refinancing, and then repeating the process by using the refinance proceeds to purchase another property, was used here (BRRRR method).I thought it would be interesting to do a post-mortem analysis on this investment, and see how things worked out.Post Rehab Picture of the Kitchen.PurchaseOn 1/31/2020, I purchased this single family home for $77,000.The loan terms were a 30 year loan, 5% interest rate (higher rate since it was before rates began to fall, as well as from being on an investment property with a lower loan amount), and 20% down.Cash to close was $15,400 for the down payment ($77K * 20%), $3,750 in closing costs, and $350 for the inspection, for a total of $19,500.To fund the down payment, closing costs, and inspection, I used a HELOC (home equity line of credit).

And use all of the net proceeds to do that. 

I’ve been involved in the sale of property when probate was involved a handful of times, and to my knowledge they were able to obtain 100% of the proceeds.

We are headed to court.

Sue me in the court?

Is it easy to file a case in the court in NJ?

FYI, I don’t want to take anyone to court.

There are a lot of possible issues you really need to consider and explore if you want to proceed with both of your  proposals. 

I'd try to give them notice that they have violated their lease and need to lease (given the appropriate notice), and worst case, you might have to proceed with an eviction.

You may in fact be responsible for rent until the landlord can re-rent the unit, but the landlord also doesn't get to "double dip" (charge you 3 months rent if s/he rents it out in a month).In practical terms, you may have some leverage as far as mutually agreeing to end the lease, vs. forcing the landlord to evict you to regain possession of the unit, especially in the current environment when the eviction courts are quite backed up.I'm definitely not a lawyer, and you're asking a legal question, so I would urge you to consult one on this.